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Nov 19, 2012
11/12
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working to the to try to find a deal to get us out from under the fiscal cliff. >> the leaders of two big companies in your area, boeing and weyerhaeuser, have signed this letter saying they really want you guys to get something done. let's talk more about defense cuts. if a deal gets done are you willing to put defense cuts on the table even though it could hurt boeing? >> yeah, absolutely. over the course of the next ten years when you look at what we need to do to get to at least $1.2 trillion in savings which is necessary to avoid skw sequestration -- or get to the bigger number, the $4 trillion number that most economists agree we need to get our o deficit under control where it is not harming our economy, you got to put everything on the table. defense is 20% of the budget. yes, the president put in $487 billion in reductions but that was reductions from what the projections increase was. i think there's room to fine more savings in defense. but to cut $54 billion out of the fy-13 budget on january 2nd is the exact wrong way to do it. we need to come up with a better plan that a
working to the to try to find a deal to get us out from under the fiscal cliff. >> the leaders of two big companies in your area, boeing and weyerhaeuser, have signed this letter saying they really want you guys to get something done. let's talk more about defense cuts. if a deal gets done are you willing to put defense cuts on the table even though it could hurt boeing? >> yeah, absolutely. over the course of the next ten years when you look at what we need to do to get to at least...
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Nov 28, 2012
11/12
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market rallying on optimistic talk about the fiscal cliff. does that mean stocks will surge if we actually do get a real deal? we'll have top strategists weigh in next. >>> after the bell, we'll hear from one top union leader who says we shouldn't even be talking about spending cuts until a deal is reached on taxes. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ male announcer ] lease a 2013 e350 for $579 a month sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are the
market rallying on optimistic talk about the fiscal cliff. does that mean stocks will surge if we actually do get a real deal? we'll have top strategists weigh in next. >>> after the bell, we'll hear from one top union leader who says we shouldn't even be talking about spending cuts until a deal is reached on taxes. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer...
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Dec 29, 2012
12/12
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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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Dec 12, 2012
12/12
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KPIX
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. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discus
. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are...
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Dec 11, 2012
12/12
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KBCW
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. >>> well some california seniors fear that cuts made through the fiscal cliff could hurt them immensely. >> it helps security, medicare, and in medicaid. it's not even food on the table. that sour message. >> workers, community leaders rallied in 15 cities across the state today, including san francisco. they are urging congress to save social safety net programs and increase taxes on the wealthiest 2% instead. >>> with the fiscal deadline now just three weeks away, there's some optimism, a deal is in the works. the cbs reporter shows us the newfound enthusiasm that follows a face-to-face meeting between president obama and house speaker john boehner. >> reporter: if lawmakers want to settle this in time for christmas, negotiators need to kick it into high gear next week. they must reach an agreement by early next week at the latest. that's the only way that members will have enough time to read it, debate it, and vote on it in the house and senate before heading home for the holidays. in a now familiar routine, both sides blamed each other today for the slow pace of talks. the senate d
. >>> well some california seniors fear that cuts made through the fiscal cliff could hurt them immensely. >> it helps security, medicare, and in medicaid. it's not even food on the table. that sour message. >> workers, community leaders rallied in 15 cities across the state today, including san francisco. they are urging congress to save social safety net programs and increase taxes on the wealthiest 2% instead. >>> with the fiscal deadline now just three weeks...
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Nov 14, 2012
11/12
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he then met with business leaders to talk about the fiscal cliff, which of course was a big topic at news conference. this question and answer was significant. listen to this. >> you said that the wealthiest must pay more. would closing loopholes instead of raising rates for them satisfy you? >> i think there are loopholes that can be closed and we should look at how we can make the process of deductions, the filing process easier, simpler, but when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it. >> well, that means that the president seems to want to raise tax rates and remove deductions regardless. so what does the top man at one of the biggest and most successful private equity companies think about that? he's here to talk about it. george roberts is the cofounder and co-chief executive of kkr. so nice to have you on the program. >> thank you. >> thank you so much for joining us. what's your take on that? when you hear the president dig in and say, yes, we will close loopholes, and yes, we will close exemptions, but we s
he then met with business leaders to talk about the fiscal cliff, which of course was a big topic at news conference. this question and answer was significant. listen to this. >> you said that the wealthiest must pay more. would closing loopholes instead of raising rates for them satisfy you? >> i think there are loopholes that can be closed and we should look at how we can make the process of deductions, the filing process easier, simpler, but when it comes to the top 2%, what i'm...
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Nov 8, 2012
11/12
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on a deal to avoid the "fiscal cliff." president obama called leaders of both parties to start negotiations to deal with the issue. house speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know
on a deal to avoid the "fiscal cliff." president obama called leaders of both parties to start negotiations to deal with the issue. house speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today...
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Nov 27, 2012
11/12
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the two leaders of the senate had their say about the lack of progress on the fiscal cliff talks. we've been selling off ever since. we're going down about 95 points. i want to see quickly what the ten-year note did today in terms of the yield. not nearly as much volatility. maybe you've heard about these. our research team has put together two portfolios of etfs to track the progress of the fiscal cliff negotiations. this is the portfolio they've put together that would do well if we avoid the fiscal cliff. look at this. it's been selling off here today. guess what's going on up? the portfolio they put together of those investments that would do well if we go off the fiscal cliff. many of these are etfs that are ultra short. various sectors of the market and the market as a whole. that's been going higher. if you want to know what's in these two portfolios, go to our website for the components of the fiscal cliff portfolios. they've been tracking this market perfectly. look who's here. are you as obsessed with the fiscal cliff talks as the market seems to be? >> i've got to be ho
the two leaders of the senate had their say about the lack of progress on the fiscal cliff talks. we've been selling off ever since. we're going down about 95 points. i want to see quickly what the ten-year note did today in terms of the yield. not nearly as much volatility. maybe you've heard about these. our research team has put together two portfolios of etfs to track the progress of the fiscal cliff negotiations. this is the portfolio they've put together that would do well if we avoid the...
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Nov 16, 2012
11/12
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KPIX
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talks under way today between the president and congressional leaders over the looming "fiscal cliff." and we are going to need to see some progress before investors start to feel better. wall street down again today right now down 20 on the dow. nasdaq down 7. s&p down 2. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. take care of that cold and have a good weekend. >>> the sheriff of san francisco is back on the job now responding to questions to give up oversight on certain programs. >> cbs 5 political insider phil matier with san francisco sheriff ross mirkarimi. good morning, gentlemen. >> good morning. and right on the front page of the "san francisco chronicle," you are front and center again. you're in the limelight all the time. >> let's do something about that. >> you seem it have a knack. i'm not going to deny that. well, the sheriff -- i mean, the mayor and the district attorney and even the public defender said, look, as long as you're on probation for this domestic violence charge, you shouldn't be overseeing any of those projects. your response? >> well, the
talks under way today between the president and congressional leaders over the looming "fiscal cliff." and we are going to need to see some progress before investors start to feel better. wall street down again today right now down 20 on the dow. nasdaq down 7. s&p down 2. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. take care of that cold and have a good weekend. >>> the sheriff of san francisco is back on the job now responding to questions to give...
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Nov 13, 2012
11/12
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into saving the united states from falling off the so called fiscal cliff. >> president obama plans to meet with labor leaders and business leaders tomorrow if republicans and democrats in congress don't reach a budget agreement by year's end, a series of tax increases and across the board spending cuts will kick in. the president will meet friday with house and senate leaders and here to discuss where the debate stands now and more importantly how it affects your wall, jill joins us from cbsmoneywatch.com. >> and last week. john boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions
into saving the united states from falling off the so called fiscal cliff. >> president obama plans to meet with labor leaders and business leaders tomorrow if republicans and democrats in congress don't reach a budget agreement by year's end, a series of tax increases and across the board spending cuts will kick in. the president will meet friday with house and senate leaders and here to discuss where the debate stands now and more importantly how it affects your wall, jill joins us from...
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Nov 26, 2012
11/12
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KPIX
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well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases it will hear next we're. >>> time for health watc
well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should...
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Oct 25, 2012
10/12
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CNBC
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cliff warpath. calling on congress to cut the deficit thousannow. we'll talk to one of the ceos. >>> when it comes to saving for retirement many americans have a lot of catching up to do. like me. whether you're a boomer or just beginning your career, we have some smart ways to boost your nest egg. >>> microsoft unveiling windows 8 today and its new tablet tomorrow. is this the defining moment? ceo steve ballmer spoke to us first on cnbc. >>> now back to michelle on the "halftime report." >> we want to point out the hedge fund manager david einhorn is speaking at the buttonwood gathering of policymakers, bankers and regulators now. this is a live picture. we're going to be monitoring his comments for any market movers. even if it doesn't go well for him, don't feel bad. he was short chipotle which has just been a disaster over the last week. >>> first, what's getting the most buzz today on twitter? seema mody joins us with your tweets. >> we talked about it earlier in the show. twittersphere is reac
cliff warpath. calling on congress to cut the deficit thousannow. we'll talk to one of the ceos. >>> when it comes to saving for retirement many americans have a lot of catching up to do. like me. whether you're a boomer or just beginning your career, we have some smart ways to boost your nest egg. >>> microsoft unveiling windows 8 today and its new tablet tomorrow. is this the defining moment? ceo steve ballmer spoke to us first on cnbc. >>> now back to michelle on...
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Nov 16, 2012
11/12
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KPIX
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so-called "fiscal cliff." the series of tax increases and spending cuts that would kick in january 1 if the house and senate cannot come up with a budget agreement. the main issue dividing democrats and republicans is whether the wealthiest americans should pay a bigger share of taxes. >>> the federal housing administration says it has exhausted its reserves and will have to take a new round of measures to shore up its finances. the fha doesn't make loans but backs up lenders if borrowers stop paying. the agency is expected to tell congress today that its capital cushion fell to minus $16 billion in 2012. now a taxpayer bailout is possible. >>> 5:19. apple stock isn't worth a half trillion dollars anier mo. shares dropped 2% on wall street dropping the total amount of apple stock to under $500 billion for the first time since mid-may. shares are down since issues with the company but they are certainly selling product. >>> a neighborhood backlash means a convenience storm will not be opening as planned on the
so-called "fiscal cliff." the series of tax increases and spending cuts that would kick in january 1 if the house and senate cannot come up with a budget agreement. the main issue dividing democrats and republicans is whether the wealthiest americans should pay a bigger share of taxes. >>> the federal housing administration says it has exhausted its reserves and will have to take a new round of measures to shore up its finances. the fha doesn't make loans but backs up lenders...
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Dec 26, 2012
12/12
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senate majority leader harry reid is believed to be crafting his own fiscal package including extending the bush- era tax cuts for households making less than $250,000. now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working woman in showbiz. >> i have been working a lot lately. i know. yeah. the holidays, busy time. and if you are out and about traveling you know the rain has been a big issu the last few days. we'll get some brief dry breaks but we have heavier cells moving through. look over san francisco. everywhere you see that orange and yellow that's the heavier rain moving through actually through hayward right now if you are traveling the nimitz anytime in the near fut
senate majority leader harry reid is believed to be crafting his own fiscal package including extending the bush- era tax cuts for households making less than $250,000. now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab....
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Dec 28, 2012
12/12
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try to avert the fiscal cliff. the debate on the hill has been downright discouraging. republicans and democrats resorting to name-calling as the year comes to a close. this is what we can expect in 2013, more partisan bickering? i'll vote yes. eamon javers is back with what may be ahead on the hill. >> reporter: 2013 is going to be the year that wall street lurns to love elizabeth warren. since she's been appointed to the senate banking committee says they think they can work with elizabeth warren. part of the reason is she's going to sit all the way down here as one of the least senior members of the senate banking committee and also because they say they think that warren is going to want to take a much broader approach as a united states senator than just focusing on wall street or consumer issues. immigration reform is coming here to capitol hill and the battle is going to be what's in the final bill, and particularly what's the path to citizenship forexisting undocumented workers here and the penalties for em
try to avert the fiscal cliff. the debate on the hill has been downright discouraging. republicans and democrats resorting to name-calling as the year comes to a close. this is what we can expect in 2013, more partisan bickering? i'll vote yes. eamon javers is back with what may be ahead on the hill. >> reporter: 2013 is going to be the year that wall street lurns to love elizabeth warren. since she's been appointed to the senate banking committee says they think they can work with...
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Dec 29, 2012
12/12
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WUSA
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senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 -- seven teams who embody the spirit of the zone. >> they have nothing and we ask for so much, and they ask for so little. captioning sponsored by cbs this is the "cbs evening news." >> good evening. jim axelrod is off tonight. i'm rebecca jarvis. with just two days left, senate leaders are still struggling to put together a last minute bp deal ahead of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in priv
senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 --...
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Dec 27, 2012
12/12
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senators will be busy work on a plan to hopefully avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon a new poll finds the gop gets the biggest share of the blame for the big stalemate. >> both sides have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are now writing "come together" on coffee cups sold in its d.c. stores to encourage compromise. hopefully they will get something done. >>> hawaii's lieutenant governor brian maass will brian schotts will take the place of deceased senator daniel inouye. he wanted a woman to replace him, and she made it to the final round of consideration but didn't win the nomination. >>> former president george h.w. bush is in intensive care with fever and cough. he was admitted more than a month ago with bronchitis. he was moved to the icu sunday. a family spokesman says the 88- year-old is alert joking with doctors but had yet
senators will be busy work on a plan to hopefully avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon a new poll finds the gop gets the biggest share of the blame for the big stalemate. >> both sides have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are now writing...
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Nov 16, 2012
11/12
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MSNBCW
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with the threat of the fiscal cliff looming, that -- when that happens, you're going to see a winner and a winner who won the national election. the republican leaders even the republican leaders seem to get that today. their words were such a change from what we've heard from them before. to show our serious sez, we've put revenuen ot table as long as it's accompanied by significant spending cuts. we're prepared to put revenue on the table provided we fix the real problem. >> revenue is on the table. this is progress. this is going in the right direction. this is what winning looks like. when the president said he would not budge on extending bush tax cuts for the wealthy. and challenged the republicans to join him in allowing the continuation of the tax cuts to the middle class and the working class and took out his pen and said he would sign it right now, the senate had passed it, where is the house, i think he put the republicans, some of whom have to deal with their own constituents in 2014 in a position to where they had to say how do i go home until my middle class and working
with the threat of the fiscal cliff looming, that -- when that happens, you're going to see a winner and a winner who won the national election. the republican leaders even the republican leaders seem to get that today. their words were such a change from what we've heard from them before. to show our serious sez, we've put revenuen ot table as long as it's accompanied by significant spending cuts. we're prepared to put revenue on the table provided we fix the real problem. >> revenue is...
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Nov 26, 2012
11/12
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goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than
goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials...
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Nov 14, 2012
11/12
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this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all right. you running charles schwab with tens of thousands of investors, as a you just said. you've got to operate your business regardless of what's going on around you. talk to us how you're doing that. are you sitting on the sidelines in terms of pufting money to work, in terms of hiring? what are you going to do knowing you have no idea where your tax rates will be? you have no idea wlosht those spending programs are going to be taken away as well. that will create layoffs. >> yes. well, i think in our business we're been fortunate in that we'
this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all...
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Nov 29, 2012
11/12
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. >>> more discussions are planned or capitol hill today in an effort to avoid that dreaded "fiscal cliff." the treasury secretary tim geithner and another man will visit separately with house and senate leaders to find common ground on how to avert a series of tax increases and spending cuts beginning in january. >>> president obama will have lunch in just a few hours with mitt romney. it will be the first time they have met face to face since the final debate shortly before this month's election. the event will be held at the white house. it is private, no aides present, no media, just the president and the former gop nominee. they will hash it out. >> should be interesting. >> maybe he will bring mitt into the fold. who knows. >> we'll see. >>> just from the labor department the number of americans filing first time unemployment claims fell last week. the decline comes as impact of superstorm sandy eases a bit. this morning, stock futures are moving higher on encouraging news from washington on the "fiscal cliff" issue. ashley morrison of cbsmoneywatch.com joins us. good morning, ashle
. >>> more discussions are planned or capitol hill today in an effort to avoid that dreaded "fiscal cliff." the treasury secretary tim geithner and another man will visit separately with house and senate leaders to find common ground on how to avert a series of tax increases and spending cuts beginning in january. >>> president obama will have lunch in just a few hours with mitt romney. it will be the first time they have met face to face since the final debate...
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Dec 28, 2012
12/12
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. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know that the house of representatives has bee
. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to...
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Nov 12, 2012
11/12
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KPIX
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president obama is holding meetings this week about the fiscal cliff. he will meet with leaders from the labor and business communities tomorrow and wednesday. then on friday he's scheduled to meet with a bipartisan group of congressional leaders. if there's not deal on budget deficits by the end of the year, automatic tax increases and spending cuts go into effect. >>> san jose will become the largest city in the nation to have a minimum wage higher than the state's standard. matt bigler joins us to explain this. >> reporter: good morning. the supporters of the measure d, the minimum wage measure on the ballot last tuesday in san jose are hearing from folks across california and across the country. they're asking how did you do this, how can you help us pass similar minimum wage increases in our cities. we talked to scot myers and he's a sociology professor and he explains what sort of interest they've been hearing. >> we've been contacted by groups groups in los angeles, berkeley. i talked to one scholar and he thought in 2014 there could be over a hu
president obama is holding meetings this week about the fiscal cliff. he will meet with leaders from the labor and business communities tomorrow and wednesday. then on friday he's scheduled to meet with a bipartisan group of congressional leaders. if there's not deal on budget deficits by the end of the year, automatic tax increases and spending cuts go into effect. >>> san jose will become the largest city in the nation to have a minimum wage higher than the state's standard. matt...
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Nov 30, 2012
11/12
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. >>> president obama hopes to generate support for his plan to avoid the "fiscal cliff" at a pennsylvania toy factory today. on capitol hill, treasury secretary timothy geithner pitched the president's plan to house and senate leaders yesterday. it includes $1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs. but it doesn't look like geithner's visit did much to bring republicans and democrats any closer to agreement. >> the democrats have yet to get serious about real spending cuts. >> we are waiting for something specific from republicans to show they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> former president george h.w. bush is expected to be released from the hospital sometime this weekend. he has been fighting bronchitis since the day after thanksgiving. the 88-year-old is said to be doing well though. good news there. doctors say bush's age and other health conditions have complicated his recovery but he is going to be just fine. >>> well, on
. >>> president obama hopes to generate support for his plan to avoid the "fiscal cliff" at a pennsylvania toy factory today. on capitol hill, treasury secretary timothy geithner pitched the president's plan to house and senate leaders yesterday. it includes $1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs. but it doesn't look like geithner's visit did much to bring republicans and democrats any closer to agreement. >> the democrats have...
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Dec 28, 2012
12/12
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FOXNEWSW
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. >> my gut feeling is nothing would be better than going over the fiscal cliff. it will hurt but five, ten years down the nothing, we'll be better and healthier. we just got news that president obama was going to meet or a phone call meet with some business leaders. >> right. the white house calling c.e.o.s, a regularly scheduled meeting. presumably it's a regular scheduled meeting not to say we're going over the fiscal cliff. >> the president won't be doing this but the white house will be. >> that's right. it will be interesting to see if we get response out of this. people in the meeting with the president could come to the microphones. so could c.e.o.s. >> we wanted to let you viewers know we're going to monitor the white house. we have two cameras focused on the white house waiting for the leaders to leave and specifically see if they approach a microphone and camera and let us know what's going on. we'll take that if we get that. thank you, gerri willis. >> you know how he protected other nation's border but wait until you hear how sheriff aarpaio wants to
. >> my gut feeling is nothing would be better than going over the fiscal cliff. it will hurt but five, ten years down the nothing, we'll be better and healthier. we just got news that president obama was going to meet or a phone call meet with some business leaders. >> right. the white house calling c.e.o.s, a regularly scheduled meeting. presumably it's a regular scheduled meeting not to say we're going over the fiscal cliff. >> the president won't be doing this but the...
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Dec 14, 2012
12/12
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CNBC
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. >> 17 days left until the fiscal cliff. are lawmakers any closer to a compromise of some kind? a top republican leader joins us next to explain whether she's willing to raise taxes if democrats give in on the spending cuts. >> also ahead, will oil prices fall off a cliff is the economy is impacted by the state of affairs in washington? tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may hav
. >> 17 days left until the fiscal cliff. are lawmakers any closer to a compromise of some kind? a top republican leader joins us next to explain whether she's willing to raise taxes if democrats give in on the spending cuts. >> also ahead, will oil prices fall off a cliff is the economy is impacted by the state of affairs in washington? tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to...
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Sep 18, 2012
09/12
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CNBC
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fiscal cliff. we call it fiscal cliff. that's when massive tax hikes and spending hikes go into effect january 1st. they're going to kick in unless a deal gets done. here's what richard fisher had to say about the impact this is having on the economy. >> the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slow down in china. these are important things. the real uncertainty stems from, where are my taxing going to be? what kind of spending patterns are going to come out of the federal government? how do i deal with this explosion of regulatory morass we have coming out of washington? >> we've heard it from ceos. we've heard it from business leaders and others about the uncertainty about the economy because of the fiscal cliff. we're pleased that joining us now is representative sandra levin, the long-time democrat from michigan. he's the ranking member on ways and means now. we invited one of your republican -- any of your republican colleagues to jo
fiscal cliff. we call it fiscal cliff. that's when massive tax hikes and spending hikes go into effect january 1st. they're going to kick in unless a deal gets done. here's what richard fisher had to say about the impact this is having on the economy. >> the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slow down in china. these are important things. the real uncertainty stems from, where are my taxing going to be? what kind of spending...
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Dec 29, 2012
12/12
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WRC
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up with a deal to avoid the so-called fiscal cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, pre
up with a deal to avoid the so-called fiscal cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's...
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Dec 28, 2012
12/12
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congressional leaders will talk with president obama trying to avert the "fiscal cliff." ed payne tells us they only have four days. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> report
congressional leaders will talk with president obama trying to avert the "fiscal cliff." ed payne tells us they only have four days. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so-...
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Jun 29, 2012
06/12
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CNN
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to deal with the fiscal cliff that we have been hearing about. right after that, we're going to have to deal with another extension of the government's borrowing limit. that was a man-made disaster the last time we had to deal with that which was last summer. there's a lot of stuff that needs to be worked out. >> let's go back to the fiscal cliff. all of this is said to expire. you have the bush tax cuts. you have the alternative minimum tax exemptions, the payroll tax cut. there's the automatic cuts in spending that came out of that debt ceiling non-deal. it would take like $7 billion from the economy. what has to be saved and what has to go? >> the most maddening thing about this is that everybody knows what needs to be done. none of this is secret. we know it's going to go down to the last second. what everybody would like to see congress do is extend the decision making. say we're going to extend most of the tax cuts for another year and when the next congress comes in into kuoffice and the next president, say we're going to work this down. w
to deal with the fiscal cliff that we have been hearing about. right after that, we're going to have to deal with another extension of the government's borrowing limit. that was a man-made disaster the last time we had to deal with that which was last summer. there's a lot of stuff that needs to be worked out. >> let's go back to the fiscal cliff. all of this is said to expire. you have the bush tax cuts. you have the alternative minimum tax exemptions, the payroll tax cut. there's the...
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Dec 19, 2012
12/12
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. >>> bain capitalhouse speaker john boehner wants a house vote on his plan to avoid the "fiscal cliff." it would raise taxes on everybody making more than a million dollars a year while cutting spending to benefit programs like medicare. democratic leaders have already rejected that idea. >> we do not have a balanced plan when the president's call for $1.3 trillion in revenue and only willing to put a $850 billion worth of cuts over 10 years. >> president obama has been firm about higher taxes for everybody making a quarter million dollars a more but now appears willing to raise that cutoff point to $400,000. >>> more troubles for toyota. the japanese automaker has been hit with a record $17 million fine for failing to report a safety defect. the issue led to sticking gas pedals and a recall. the law says a carmaker must tell the government within five days of learning of a safety defect. >>> it's 5:20 right now. holding off the hornets? golden state takes on new orleans in oakland last night. >> plus no fowls. the pigeons that became a surprise star of the oakland raiders game on sun
. >>> bain capitalhouse speaker john boehner wants a house vote on his plan to avoid the "fiscal cliff." it would raise taxes on everybody making more than a million dollars a year while cutting spending to benefit programs like medicare. democratic leaders have already rejected that idea. >> we do not have a balanced plan when the president's call for $1.3 trillion in revenue and only willing to put a $850 billion worth of cuts over 10 years. >> president obama...
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Nov 29, 2012
11/12
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cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. >> we have done our part. we have put revenues on the table. something that we dtdn't do two yearyears ago during the debt ceiling negotiations. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the
cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's...
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Nov 16, 2012
11/12
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president obama meets today with congressional leaders to talk about the upcoming fiscal cliff. >> if they don't agree on a budge deal by the end of the year, there will be automatic spending cuts and tax increases. republican strategist and cbs political analyst met with 12 republicans and 12 democrats and asked them what they would do to resolve the crisis. >> you heard the phrase fiscal cliff. aren't you nervous about what's going to happen to the country in the next few weeks? >> i'm very nervous. it's scary. >> i have good news for you. they're going to wait until the 11th hour and put a band-aid on it. >> of course. of course. >> they always do. they pass the box. and, you know, bring it -- >> and it will be like this. >> you did it. >> how many of you think that republicans and the democrats, the white house and congress will come together, get an agreement and there won't be a fiscal cliff. raise your hands if you think they succeed. okay. so you're pretty optimistic. you're not. >> no. >> why not? >> i'd like to be. but they've got to put the nation first. they have to stop d
president obama meets today with congressional leaders to talk about the upcoming fiscal cliff. >> if they don't agree on a budge deal by the end of the year, there will be automatic spending cuts and tax increases. republican strategist and cbs political analyst met with 12 republicans and 12 democrats and asked them what they would do to resolve the crisis. >> you heard the phrase fiscal cliff. aren't you nervous about what's going to happen to the country in the next few weeks?...
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Dec 30, 2012
12/12
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of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also n
of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is...
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Nov 17, 2012
11/12
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are voicing confidence they can reach a deal to avoid the so called fiscal cliff. top democrats and republicans spoke after a closed door meeting friday with president obama. the lawmakers need to reach a deal with the president to avert a series of tax increases and spending cuts that are scheduled to take effect on january 1st. >>> president obama takes a brief break from the negotiations today. he will attend the east asia summit and seek to counter the shadow being cast over the region by china. >>> and new meaning to the term girls weekend. 28 women cram themselves in a mini cooper on the banks of the river thames this week. have you been in the cooper? it comfortably seats two. these women invited 26 more. they had to stay in the mini with all the doors and windows shut for five seconds for the new guinness record to stand. said one of the women afterwards, "well, that was interesting." >>> and finally, take a look at this picture. it shows president obama jokingly mimicking u.s. olympic gymnast micayla maroney's not impressed look. they were greeting members
are voicing confidence they can reach a deal to avoid the so called fiscal cliff. top democrats and republicans spoke after a closed door meeting friday with president obama. the lawmakers need to reach a deal with the president to avert a series of tax increases and spending cuts that are scheduled to take effect on january 1st. >>> president obama takes a brief break from the negotiations today. he will attend the east asia summit and seek to counter the shadow being cast over the...
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Nov 27, 2012
11/12
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from capitol hill to the corporate board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan bottom line, right? not quite. you see those business leaders have a vested interest in which spending should be cut and which loopholes closed. and let's just say what's old is new again. alison kosik is at the new york stock exchange with a closer look. put this in language we can understand as people who are not ceos. >> many of these high-level ceos, carol, are part of this movement, this campaign to fix the debt we've been hearing so much about. this includes some of the biggest heads of business that are out there. and some have been more outspoken than others when it comes to what needs to get don
from capitol hill to the corporate board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan...
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Nov 14, 2012
11/12
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you've got the fiscal cliff, you've got petraeus, you've got the killing of the hamas leader, you've got iran getting close to nuclear capacity. this could be a huge news conference about 30 yards to our left here, sue. >> john harwood, what about that? it went from a news conference to discuss the fiscal issues that the united states faces, to now a news conference that has some international proportions to it that perhaps it didn't have 48 hours ago. >> that's true. but this is always true after presidential news conference. the president's responsibilities are so broad, it's way beyond even the management of the american economy. but i do think that this is the principal issue that's dominating washington. it is going to until this question is resolved at the end of the year or the first two months of 2013. >> eamon, what kind of language should we listen for from the president? because that was the whole discussion late last week, the use of revenue, the use of rates. the nuances in the language that speaker boehner was using versus the language that the president was using. >> i
you've got the fiscal cliff, you've got petraeus, you've got the killing of the hamas leader, you've got iran getting close to nuclear capacity. this could be a huge news conference about 30 yards to our left here, sue. >> john harwood, what about that? it went from a news conference to discuss the fiscal issues that the united states faces, to now a news conference that has some international proportions to it that perhaps it didn't have 48 hours ago. >> that's true. but this is...
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Nov 13, 2012
11/12
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on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm dying to ask you about this scandal because it's all anyone's talking about. jason, can you -- it's a mess. >> i love the real housewives of the pentagon. that's what we're looking at right now. it's ridiculous, and the interesting thing is, no one has actually broken a law, but what i think it is, it's a reflection of the fact that we still have a culture in the military where people can behave in this way. where you can have these sort of mistresses and people have these backdoor relationships, et cetera, et cetera. i think the whole thing is more of a reflection problems in military culture than huge problem in national security. >> the women involved in these scandals, it astounds me, they're accomplished women, they're educated, they're not 20,
on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm dying to ask you about this scandal because it's all anyone's talking about. jason, can you -- it's a mess. >> i love the real housewives of the pentagon. that's what we're looking at right now. it's ridiculous,...
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Nov 26, 2012
11/12
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CSPAN
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cliff? and i said you know, that -- that issue of whether our democracy can truly function and have leaders that are prepared to make the decision that have to be made in order for this country to govern itself is, i think, you know, the issue that will determine ultimately whether we have national security. it's the same way with the law of the seas. i go to the asia pacific region. they're having materialtorial disputes over, you know, these rocks out there. obviously, it's about the resources that are offshore those rocks. but they're having these disputes over these areas. one of the arguments i make is wait a minute, we have to maintain freedom of the seas. we have to maintain navigation rights. some of these countries look at me and say, you know, what are you talking about? you haven't even approved the law of the seas treaty. how can you tell us what to do here? and they're right. they're right. we are the only industrialized country that has not approved that treaty. the only indust
cliff? and i said you know, that -- that issue of whether our democracy can truly function and have leaders that are prepared to make the decision that have to be made in order for this country to govern itself is, i think, you know, the issue that will determine ultimately whether we have national security. it's the same way with the law of the seas. i go to the asia pacific region. they're having materialtorial disputes over, you know, these rocks out there. obviously, it's about the...
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Dec 27, 2012
12/12
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senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a story housing has been this year. a milestone. home prices on track for their first year-over-year gain since 2006. is the worst finally over? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. th
senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be...
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Dec 11, 2012
12/12
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KGO
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. >> there is some signs today prof gres in the fiscal cliff negotiations. the president still says he won't compromise on demands that the wealthyest americans pay more in tax autos he's not criticizing republicans, either. that is a possible indication that private tuck talk was republican leaders are going along okay. >> move on.org is hosting rallies and pushing for an end to those cuts. abc 7 news is at one of them right now. >> this rally supposed to begin at 4:00 this afternoon. they're slow getting started. there is a couple dozen people here this, he say they're expecting about 400 by later tonight. there were rallies like this around the bay area today in walnut creek and into oakland. outside of the social security administration office a crowd of 50 listened to speakers calling on congress to quote do the right thing. >> tax the super rich. protect the middle class. >> they added don't do anything to cut social security or#'6qp medicare or medicaid. >> i tell you, i'm going back to washington, d.c. tomorrow to continue to fight for this fight. an
. >> there is some signs today prof gres in the fiscal cliff negotiations. the president still says he won't compromise on demands that the wealthyest americans pay more in tax autos he's not criticizing republicans, either. that is a possible indication that private tuck talk was republican leaders are going along okay. >> move on.org is hosting rallies and pushing for an end to those cuts. abc 7 news is at one of them right now. >> this rally supposed to begin at 4:00 this...
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Nov 13, 2012
11/12
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fiscal cliff. both the dow jones and the nasdaq were mostly unchanged, each losing a fraction of a point. >>> big changes at microsoft, the president of windows and windows live operations left the company after 23 years. his departure comes less than three weeks after microsoft launched windows 8. the company did not say why he was leaving. >>> and hostess is closing three bakeries following a strike of unionized bakers that began on friday. hostess products include wonder bread and twinkies. bakeries in seattle, st. louis, and cincinnati will be shut, putting more than 600 workers out of jobs. the bakers are protesting cuts to wages and benefits. hostess filed for bankruptcy last january. and now i'm hungry for a twinkie. >> hard times for ho-hos. get your twinkies now. they might not be available. >> stock up. >> ashley morison, thank you so much. >>> in sports, a monday night match-up between pittsburgh and kansas city. game tied third quarter, the steelers run into some trouble. ben roethlisbe
fiscal cliff. both the dow jones and the nasdaq were mostly unchanged, each losing a fraction of a point. >>> big changes at microsoft, the president of windows and windows live operations left the company after 23 years. his departure comes less than three weeks after microsoft launched windows 8. the company did not say why he was leaving. >>> and hostess is closing three bakeries following a strike of unionized bakers that began on friday. hostess products include wonder...
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Dec 27, 2012
12/12
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the fiscal cliff. over that news we sauce starts beginning to drop and the dow industrial average down seven points. we call it a fiscal cliff and it looks like we're going off the end of this cliff. most americans will not feel the effect of this but on your first paycheck you will probably get about a 4 percent cut. because the irs does not know what at the congress is doing they're not instructing employers on what to do just yet. >> we will be back in just a couple of minutes. >> calling this developing story this morning in walnut creek. a person is dead after an officer involved shooting at an apartment complex during the early morning hours in walnut creek. will tran is there live gathering information and he done this with an update on the end destination.investigation. thist east of 680 and walnut creek. we have a shot up now and let's check in with well. >> you can see police officers are still on the scene and they are allowing people leave the complex to go to work in school as they continu
the fiscal cliff. over that news we sauce starts beginning to drop and the dow industrial average down seven points. we call it a fiscal cliff and it looks like we're going off the end of this cliff. most americans will not feel the effect of this but on your first paycheck you will probably get about a 4 percent cut. because the irs does not know what at the congress is doing they're not instructing employers on what to do just yet. >> we will be back in just a couple of minutes....
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Dec 25, 2012
12/12
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that package would avoid middle class tax hikes that would happen if this fiscal cliff deadline comes. his package also has some spending cuts. however the problem with his package is that he hasn't talked to any republicans. it's not a bipartisan package. he's working on this by himself to hopefully step in and maybe make a compromise himself. but begin this deadline's looming and you know tuesday is going to come pretty quickly. >> well, they need to get back to work. enjoy the holiday back to work tonight if not tomorrow. okay edward lawrence, thanks so much have a great holiday and thanks for that live interview. >>> well it is not just the fiscal cliff that we're closing in on. probably never heard of this one. there could be a dairy cliff beginning next year you could be paying as much as $7 for a gallon of milk. if congress doesn't step in. with all the concerns over the fiscal cliff, that we've just been talking about, several other legislative matters are falling by the wayside including a stalled farm bill. that includes the dairy subsidy and set to end january 1st sending u
that package would avoid middle class tax hikes that would happen if this fiscal cliff deadline comes. his package also has some spending cuts. however the problem with his package is that he hasn't talked to any republicans. it's not a bipartisan package. he's working on this by himself to hopefully step in and maybe make a compromise himself. but begin this deadline's looming and you know tuesday is going to come pretty quickly. >> well, they need to get back to work. enjoy the holiday...
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Nov 28, 2012
11/12
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stock market fell yesterday on the looming "fiscal cliff." and we have some discouraging comments from senate majority leader harry reid that led to that sell-off. market will continue in that vein until there is progress. billionaire investor warren buffett telling cnbc this morning says he may go past the december 31 deadline but it won't take too much longer and he is confident that a deal will be reached that will somewhat satisfy all sides. the market is falling again on the "fiscal cliff" word. let's look at the numbers. dow down 67 points. nasdaq down by 22. s&p losing 9. apple shares giving up 1.5% this morning. back to you guys. >> thank you. , kcbs moneywatch reporter jason brooks. >>> time for a look at what's coming up later on "cbs this morning." >> norah o'donnell joins us live from washington, d.c. in the capital with more on the big show. good morning. >> reporter: that's right. good morning, frank and michelle. we are here in washington where you'll hear from supreme court justice scalia. the postmaster general, and senator a
stock market fell yesterday on the looming "fiscal cliff." and we have some discouraging comments from senate majority leader harry reid that led to that sell-off. market will continue in that vein until there is progress. billionaire investor warren buffett telling cnbc this morning says he may go past the december 31 deadline but it won't take too much longer and he is confident that a deal will be reached that will somewhat satisfy all sides. the market is falling again on the...